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  • Interest Rate on Advances

    The Kapol Co-operative Bank Ltd., is offering the following interest for the various loans and advances schemes
    w.e.f. 20th April, 2012 -

     

    TYPES OF FACILITY

    RATE OF INTEREST

    All advances upto & inclusive of Rs.5,00,000/-

    14.00%

    Over Rs.5,00,000/-

    15.00%

    Personal Loans (For repairs, renovation, marriage, consumption etc.)
    and Clean Loan / OD.

    16.50%

    Asset Finance, Loan/OD against Immovable Property, Rent Receivable Scheme 
    To Builders

    16.50%
    17.00%

    Advances against marketable shares

    13.50%

    Adhoc Limits Sanctioned

    2% over applicable rate

    Against Clearing / Cheque & DD / P.O. Purchase

    18.00%
    (minimum Rs.50/-)

    Housing Loan -

    Upto Rs.5,00,000/-
    Above Rs.5,00,000/-

     

     

    12.00%
    12.50%

    Finance to Professionals and Self Employed

    14.50%

    Educational Loan

    14.00%

    Vehicle Loan -

    1) 2 Wheelers – upto Rs.75,000/- &
    2) 4 Wheelers – for Personal Use

    3) Commercial Vehicles
        a) Up to Rs.5.00 lakhs
        b) Above Rs.5.00 lakhs
        c) Second hand Car (with 25% margin)



    13.50%

    13.50%


    15.00%
    16.00%
    14.50%

    Govt. Securities (NSC / KVP / RBI Bonds /S.V. of LIC Policy)

    Maximum limit -
    upto Rs.5,00,000/-
    above Rs.5,00,000/-

     


    13.50%
    14.00%

    Term Loan -

     – Machinery & Equipments
     – Industrial Gala
     – Shop
     – Furniture
     – Fixtures
     – Repairs
     – Renovation of business premises

    As per size of advance

    Computer Loan – for purchase of one computer for personal use –
    Maximum limit Rs.1.00 lakh

    15.00%

    Computer Loan – for purchase of more than one computer

    16.00%

    Gold Loan & Advance against Third Party Deposits

    As per size of advance

    Click here for EMI Calculators